Citigroup Shares Drop 2.2% to $106.53, One-Month Decline Hits 5.9%
Citigroup shares fell 2.22% to $106.53 on March 6, underperforming the 1.33% S&P 500 decline and down 5.87% over one month versus a 2.34% sector drop. The bank’s April 14 earnings forecast calls for $2.59 EPS (+32.1%) on $22.65 billion revenue (+4.9%).
1. Stock Performance
On March 6, Citigroup shares closed at $106.53, down 2.22%, lagging the S&P 500’s 1.33% decline, the Dow’s 0.95% loss and the Nasdaq’s 1.59% drop as broader market pressures weighed on bank stocks.
2. One-Month Trend
Over the past month, Citigroup’s stock has fallen 5.87%, compared to a 2.34% drop in the Financial sector and a 0.58% gain in the S&P 500, highlighting persistent underperformance amid rising rate concerns.
3. Upcoming Earnings Forecast
The company will report first-quarter results on April 14 with analysts projecting $2.59 in EPS, a 32.14% year-over-year increase, on $22.65 billion in revenue, up 4.88%, a key test for near-term profitability.